Valhal Acquires Its Third Cape

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Valhal Shipping has been among the most active cape buyers in the second quarter of the year, with its recently sealed third cape purchase in 2021, spending over $80m in the segment.

Vessel valuation

VesselsValue data shows Valhal is behind the purchase of a 10-year-old built, 182,000 dwt ship, named Eibhlin, for $30.5m, sold by Nissen Shipping.

Valhal’s website lists a Universal-built ship that matches this description. This ship will be renamed Thalassini Agatha and delivered between June and September, charter-free.

Valhal has also tapped chartering powerhouse, Louis Dreyfus, for one-third of its cape arm, adding a seven-year-old cape built at Tianjin Xingang.

Valhal’s other cape purchases

Valhal purchased its first cape in February also from Nissen Shipping, taking the slightly smaller 180,600 dwt Cologny. This nine-year-old Tsuneishi Cebu-built ship has been renamed Thalassini Avra and is already employed.

Valhal has been extremely busy this year. Last week it came to light that it has exited the ultramax segment, selling two bulkers under construction at Dalian Cosco KHI Ship Engineering (DACKS) to US dry bulk shipowner Genco Shipping & Trading.

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Source: Valhal Shipping

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